Jace, agree with you. And obviously pissed at the share price....

Jace, agree with you. And obviously pissed at the share price. As for the financials, there was no way in hell could estimate the burgeoning outlays, and after all their talk about tight controls and living outnof suitcases, they issue a report with all this extra outlay without explanation? That in itself is endemic of the piss poor communication of the company.
Obviously the directors will be and should be accountable for the share price - there is nobody else accountable. They can't blame the market since the market acted on the information from the company. The rest of the economy doing fine as is the sector and the global markets. So they can't blame the economy. Hell if they can't put a decent spin on things and generate some serious revenues in this environment, then we are right buggered if the market fell apart tomorrow!
What else am I pissed at - the fact that every year for at least the past 4 the board touts their 'achievements' and direction. Gone are the days when one could say under promise and over deliver - there are any nunber of cases now that show an inability to achieve the end game, so definitely not over delivery. As for promises - likely each and every significant holder has communicated with Glyn over the years with question after question. Answers always that either confidential or the issue will be included in an official report so wait. But also never negated any information - obviously the board has seen the proliferation in posts regarding product sales and releases all of which imply a future revenue stream. Similarly with posts regarding patents and attempts to join dots. But they can happily say they never released any such info to the market and accordingly exclude themselves by noting that public forums provided misinformation? That in itself is an interesting point - with the digital age and proliferaton in information, can a company privy to the same argue that despite contrary information being available and being distributed, that they are in no way responsible to clarify and correct such misinformation?
On one hand told not to rely on public forums for information to make investment decisions. But without such in OBJ's case, there is practically no investment grade information from the company other than a handful of future statements and progress reports that seem to head nowhere.
Anyway enough of the ranting - this is the same issue as last year and the year before and year before - all to do with communication - timeliness, accuracy, relevance, content. The board has failed miserably and in the 4E even notes the board has remaindd unchanged for 12 years - what difficulty is there in noticing a faint correlation here! The board members can quite happily drop down and continue as salaried staff and leave the actual management and direction to those that can act as directors on behalf of shareholders. 33m in accrued losses - bugger me.....actually they already have.